National HealthCare Corp. buys 6 nursing homes for $21 million

5:11 AM,
Dec. 29, 2012

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National HealthCare Corp. agreed to buy six nursing homes - including three in the Nashville area - for $21 million from its biggest landlord, National Health Investors.

The transaction, effective at the end of next year, includes NHC Columbia and NHC Hillview in Columbia; NHC Springfield in Springfield; and one nursing home each in Knoxville; Madisonville, Ky.; and Rossville, Ga.

"This acquisition will result in lower lease cost and an increase in asset value for NHC," said Steve Flatt, the Murfreesboro-based nursing home chain's president. ...